Pebblebrook Hotel Trust $PEB Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Pebblebrook Hotel Trust by 2.1% in Q1, holding 2,556,288 shares worth approximately $25.90 million.
• Several hedge funds have significantly altered their positions in Pebblebrook, with Sterling Capital Management boosting its holdings by 815.6% in the fourth quarter.
• The current average target price for Pebblebrook Hotel Trust shares is $11.78, with ratings ranging from "Buy" to "Sell" from various analysts.

Charles Schwab Investment Management Inc. grew its holdings in shares of Pebblebrook Hotel Trust (NYSE:PEB - Free Report) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,556,288 shares of the real estate investment trust's stock after purchasing an additional 51,537 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.15% of Pebblebrook Hotel Trust worth $25,895,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Pebblebrook Hotel Trust by 11.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 601,132 shares of the real estate investment trust's stock worth $6,089,000 after purchasing an additional 63,915 shares during the period. SG Americas Securities LLC acquired a new position in Pebblebrook Hotel Trust during the 1st quarter worth approximately $510,000. Mercer Global Advisors Inc. ADV acquired a new position in Pebblebrook Hotel Trust during the 4th quarter worth approximately $166,000. Nuveen Asset Management LLC increased its position in Pebblebrook Hotel Trust by 82.3% during the 4th quarter. Nuveen Asset Management LLC now owns 2,345,333 shares of the real estate investment trust's stock worth $31,779,000 after purchasing an additional 1,058,664 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Pebblebrook Hotel Trust by 81.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 68,857 shares of the real estate investment trust's stock worth $698,000 after purchasing an additional 30,902 shares during the period.

Pebblebrook Hotel Trust Price Performance

NYSE:PEB traded up $0.29 during trading hours on Tuesday, reaching $10.90. 4,056,171 shares of the company traded hands, compared to its average volume of 2,134,571. The firm's 50-day moving average is $10.21 and its 200-day moving average is $10.11. The stock has a market cap of $1.29 billion, a P/E ratio of -18.80 and a beta of 1.85. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.31 and a quick ratio of 1.31. Pebblebrook Hotel Trust has a 1-year low of $7.41 and a 1-year high of $15.12.

Pebblebrook Hotel Trust (NYSE:PEB - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.06. The firm had revenue of $407.54 million for the quarter, compared to analysts' expectations of $398.77 million. Pebblebrook Hotel Trust had a negative return on equity of 1.17% and a negative net margin of 2.20%.Pebblebrook Hotel Trust's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Pebblebrook Hotel Trust has set its Q3 2025 guidance at 0.450-0.510 EPS. FY 2025 guidance at 1.470-1.590 EPS. Equities research analysts expect that Pebblebrook Hotel Trust will post 1.5 earnings per share for the current fiscal year.

Pebblebrook Hotel Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, June 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. Pebblebrook Hotel Trust's dividend payout ratio (DPR) is -6.90%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI boosted their target price on Pebblebrook Hotel Trust from $11.00 to $12.00 and gave the stock an "in-line" rating in a research report on Monday, July 28th. Wells Fargo & Company reiterated a "negative" rating on shares of Pebblebrook Hotel Trust in a research report on Tuesday, July 1st. Stifel Nicolaus set a $13.00 price target on Pebblebrook Hotel Trust and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wedbush set a $9.00 price objective on Pebblebrook Hotel Trust and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price objective on shares of Pebblebrook Hotel Trust in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Pebblebrook Hotel Trust has an average rating of "Reduce" and a consensus target price of $11.78.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust NYSE: PEB is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.